Author: Editorial Team

ABU DHABI, 23rd July, 2026 (WAM) — Abu Dhabi Commercial Bank (ADCB) announced record profit before tax of AED7.607 billion for the first half of this year, up 28 percent compared with the same period last year. The bank also recorded profit before tax of AED3.826 billion in the second quarter, an increase of 26 percent year-on-year, marking its 20th consecutive quarter of profit growth. Operating income rose by 12 percent during the first half to AED11.981 billion, while non-interest income increased by 22 percent to AED4.510 billion, accounting for 38 percent of total operating income, supported by higher fee,…

There are plenty of French restaurants in Dubai, but few arrive with the reputation of L’Avenue. The iconic Paris restaurant, known for attracting celebrities, fashion insiders and regular appearances from Kim Kardashian, has officially opened its first UAE outpost in Dubai Mall’s Fashion Avenue. And after spending an evening there, it’s easy to see why the restaurant has become such a destination in Paris. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The first thing that stands out is the space itself. Unlike many fine dining restaurants that can feel cramped or overly formal, L’Avenue…

ISTANBUL — A Saudi man drowned in Türkiye’s Trabzon province after being swept away by the current in the Uzungöl area. His body was transferred to Istanbul ahead of its repatriation to Saudi Arabia. The man died after falling into the water in the Uzungöl area of Trabzon province in northern Türkiye, where he was swept away by the current. The body was transported from Trabzon to Istanbul and is scheduled to be flown to the Kingdom on Thursday after the necessary procedures were completed in coordination between the Saudi Embassy in Türkiye and the relevant Turkish authorities, local media…

The partnership will streamline primary source verification for healthcare practitioners joining Saudi German Health UAE, supporting regulatory compliance, patient safety and public trust. Dubai — DataFlow Group, a global leader in Primary Source Verification (PSV) and credential verification solutions, has signed a Memorandum of Understanding (MoU) with Saudi German Health UAE to strengthen healthcare workforce credentialing across the country. The agreement establishes DataFlow as the designated Primary Source Verification partner for healthcare practitioners referred by Saudi German Health UAE. The partnership is designed to create a more streamlined verification pathway for professionals joining one of the region’s largest private healthcare…

Alef Education, a UAE-based global leader in education technology, has achieved a landmark global recognition, ranking as the No. 1 education technology company in the Middle East and Africa (MEA) and securing the 13th position worldwide in the prestigious World’s Top EdTech Companies 2026 list, published by TIME in collaboration with Statista. The recognition reflects the company’s continued leadership in harnessing technology to enhance teaching and learning while contributing to the global evolution of education. The TIME World’s Top EdTech Companies ranking evaluated 6500 education technology companies worldwide based on a rigorous, data-driven assessment of financial strength and industry impact.…

TAIZ — Saudi-backed Project Masam has destroyed 5,977 items of unexploded ordnance in the Bab Al-Mandab area of Yemen’s Taiz governorate as part of ongoing efforts to reduce the threat posed by landmines and other remnants of war. The destroyed ordnance included 142 shells of various types, 2,758 fuzes, 2,998 rounds of ammunition, 14 anti-personnel mines, 36 anti-tank mines, nine hand grenades, six missiles, eight improvised explosive devices (IEDs), and six warheads, following the completion of technical safety procedures. Adib Rajab, commander of Masam’s Special Task Team 2, said the destroyed items had been collected over the past month from…

The UAE has been ranked the Middle East’s most AI-ready economy and entered the global top 20 for future skills and artificial intelligence readiness, placing 17th worldwide in the QS World Future Skills Index 2027. Released by global higher education analysts QS Quacquarelli Symonds in collaboration with the UAE Ministry of Higher Education and Scientific Research, the index evaluates 89 economies on how effectively they are preparing their workforces to harness the opportunities created by artificial intelligence. The UAE achieved an overall score of 86.5 out of 100, ranking ahead of every other country in the Middle East and North…

DUBAI, 23rd July, 2026 (WAM) — Dubai’s Roads and Transport Authority (RTA) has announced a significant new achievement in human capital management, after attaining the “Advanced” level in human resources practices and applications under the Deloitte High-Impact Maturity Model — one of the world’s leading frameworks for measuring the maturity and efficiency of human resources functions. The achievement reflects RTA’s commitment to adopting global best practices and strengthening its institutional readiness to meet future requirements. The assessment covered six key dimensions, comprising 22 sub-components, including leadership in HR practices, management of stakeholder expectations, talent management and development, strategic HR roles…

The Ministry of Human Resources and Emiratisation (Mohre) has issued a new guide explaining how health insurance rules work for employees but stressed that it is not introducing any fresh obligations on employers. The guide, released on Thursday, clarified procedures that are already in place and showed how work permit approvals are now electronically linked to health insurance verification. It clarified that employers cannot get a work permit issued or renewed for a worker unless that worker has a valid health insurance policy. The ministry’s digital systems now automatically check this during the application process. This integration speeds up approvals…

AHMEDABAD, 23rd July, 2026 (WAM) — Investopia launched a new edition of the ‘Investopia Dialogues’ today in Ahmedabad, Gujarat, marking its fifth consecutive edition in India. The event brought together over 500 leaders, senior officials, investors, and entrepreneurs from the UAE and India. The dialogues aim to strengthen bilateral economic and investment partnerships between the two countries while exploring new opportunities in future-oriented and sustainable sectors, in line with global economic shifts and in support of growth driven by knowledge, innovation, and advanced technologies. The event was attended by Abdulla bin Touq Al Marri, Minister of Economy and Tourism and…